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House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News Blogs
ABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...

Intrawest announces layoffs but no specifics - Rocky Mountain News
Canadian resort operator Intrawest announced job cuts but declined to be specific about how the layoffs would affect its employees at three Colorado ski resorts. The Vancouver, British Columbia-based company issued this statement this afternoon ...

Mid-Columbia construction slowing, remodels picking up - Tri-City Herald
When new housing starts to slow down, home remodels tend to pick up. It's a trend that David Barber, owner of Barber Construction in Walla Walla, is observing in this time of economic uncertainty, tighter lending standards and a softening housing ...

AbitibiBowater Plunges Amid Concern About Debt (Update2) - Bloomberg
Nov. 6 (Bloomberg) -- AbitibiBowater Inc. , the world's largest newsprint producer, fell the most in three weeks in New York trading amid concern it may fail to refinance more than $600 million of debt that matures next year. AbitibiBowater tumbled ...

Tri-City mortgage market grows with FHA-backed loans - Tri-City Herald
Mike Martin recently refinanced out of an adjustable rate mortgage and into an Federal Housing Administration loan for his Richland home. Though the real estate market has slowed in the Tri-Cities, the number of FHA-backed loans has grown. Getting ...

AGAINST THE GRAIN - Columbia Daily Tribune
Driving down West Broadway the other day as I approached Providence Road, I saw a lone man holding a sign. "Oh boy, here it comes," I thought to myself. I craned my neck to try to read the inevitable scrawling of a fanatic: "Repent now." "The end is ...

2008 Election - Oregonian
Diane McKeel will take a seat on the Multnomah County Board of Commissioners in January, after a narrow come-from-behind victory. McKeel, the executive director of the West Columbia Gorge Chamber of Commerce, said she will spend the next two months ...

Canada ski industry insists it's not all downhill - Vancouver Sun
CALGARY, Alberta (Reuters) - Canada's ski industry is bracing for one of its toughest seasons as the world economy melts down before the snow flies, giving skiers pause before dropping major coin on a winter vacation. The part of the business ...

Debt looms for Fortress - Steamboat Pilot & Today
Steamboat Springs — Nine months after outgoing Intrawest chief Alex Wasilov said Fortress Investment Group was prepared to infuse Steamboat Ski Area’s parent company with large amounts of capital, Intrawest faces an Oct. 23 repayment deadline on ...

Loans came easily, then fell apart - Milwaukee Journal Sentinel
While earning a salary of $21,000 a year, Leesa Robinson landed on top of the real estate world in 2006, overseeing nearly $1 million in property. The 45-year-old single mom started buying houses after watching late-night infomercials and their tales ...

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Today's Mortgage Terms starting with J

  • Jumbo Loan: A mortgage over the $300,700 limit established by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. A jumbo mortgage tend to carry a higher interest rate than a conventional mortgage.
  • Junior Mortgage: A mortgage subordinate to the claim of a prior lien or mortgage. In the case of a foreclosure, a senior mortgage or lien will be paid down first.

    View all Terms
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